Tuesday, July 3, 2007

Greenberg's `Hank' Starr Acquires Stake in Russian Property Developer

(Bloomberg) -- Starr International Co., a closely
held company run by former American International Group Inc.
Chief Executive Officer Maurice ``Hank'' Greenberg, has bought a
stake in a Russian real estate developer.

Starr International bought the stake in Discovery Russian
Realty Paveletskaya Project Ltd., the developer of a project that
includes four 11-story prime office buildings and a 170-room
hotel in Moscow, the company said in a statement today. It didn't
disclose the size of the stake or the investment.


Read more at Bloomberg Emerging Markets News

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